Tories would ruin economy

Canada, we have a choice—run the economy (vote) Liberal, ruin the economy (vote) conservative.

When in a recession, and we surely are or will be, cutting spending is suicidal. A dollar for dollar cut in government spending for new dollar for dollar spending is wrong-footed when the economy is slowing. That is piling on bad news.

We need investments in long-term projects, in projects that will benefit Canada for the long-term. Relying purely on the oil and gas industry to generate revenue is exactly why we are partially in a crisis today.

Doubling down, being a one-industry, raw materials-based economy only is wrong-headed. We need to invest in the future economy. We cannot all be roughnecks.

Don’t be fooled, our debt is not comparable to the U.S. In Canada we have something called the CPP Investment Fund….it’s a real offset to future liabilities.

It is a real asset. Government accounting pension obligations are considered a liability. In theU.S., there is no social security fund with real assets to offset future required spending.

As a percentage of GDP, Canada’s net debt is less than half that of the U.S. and one of the lowest in the G7.

If you want to be critical, at least be willing to truly understand.

Jeffrey Simon